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Trade Against The Retail Herd 1st Apr
What's new today?
USDJPY continues to march higher as a result of intervention, we are seeing retail long positions decrease for the first time in many months. USDCAD continues int its down trend whilst retail long positions at pretty much at the strongest we have seen them. AUD and EUR continue their march higher even though 60%+ traders are short.
Click image to enlarge
Provided by Pivotfarm via the Technical Analysis blog
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Hope many of you went long USD/JPY when I said it.................last week.
Congratulations to those that did.
There is still more room going up the ladder for those still looking.
No way Japan lets this stay under 100 with the troubles they are in.